How analysts view Thar ROXX maker

Sandeep Singh

Aug 20,2024

How analysts view Thar ROXX maker

Many analysts are positive on Mahindra & Mahindra (M&M). 

Citi maintains 'buy' 

The brokerage has retained a 'buy' rating for M&M but lowered its target for the stock to Rs 3,180 from Rs 3,340. 

Tougher terrain ahead for SUVs: Citi

Describing FY24 as the 'year of SUVs' for M&M, Citi expects better growth momentum in the auto major's tractor business in FY25. 

SUV demand has moderated for M&M: Citi

The brokerage has lowered its volume estimate for M&M in its SUV business. However, its view on M&M's tractor business remains positive.

Macquarie maintains 'outperform' 

The brokerage has a target of Rs 3,281 for M&M shares. 

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